Allen Capital Group LLC Has $329,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Allen Capital Group LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,091 shares of the transportation company’s stock after selling 341 shares during the period. Allen Capital Group LLC’s holdings in United Parcel Service were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. MWA Asset Management acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management grew its stake in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 103 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares during the period. Telos Capital Management Inc. boosted its stake in United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares during the period. Finally, ING Groep NV lifted its holdings in shares of United Parcel Service by 289.9% in the third quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock worth $9,384,000 after buying an additional 44,760 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE:UPS opened at $142.91 on Wednesday. The firm has a market cap of $121.85 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company’s 50-day moving average price is $149.75 and its two-hundred day moving average price is $151.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $197.80.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.62 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.56%. United Parcel Service’s payout ratio is currently 83.70%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Oppenheimer restated an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $165.61.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.